Lemonade

Lemonade

  • FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    21 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Lemonade offers a web-and-mobile-based P2P insurance platform for home, condo, and renters insurance.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Homeowners and renters.
COMMENT
The platform uses artificial intelligence technology to provide personalized policies and helps in the claim process for plan holders. Lemonade offers public API that provides access to businesses like real estate companies, mortgage originators, e-commerce sites, and lifestyle brands to offer Lemonade policies through their apps or websites. The API supports easy quoting, policy creation, and payment for homeowners, condo, and renters insurance policies.

PEOPLE

MEDICI analysts will analyze Lemonade soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$480 Millions
DATE OF LAST FUNDING:
Jul 2019
TOTAL FUNDING COMMENT:
The company will use its funds for global expansion and developing new products. (Apr. 2019)
SEED & PRIOR FUNDING:
$13 Million
SEED CLOSED ON:
Dec 2015
FUNDING SERIES:
SERIES A
$13 Million Closed: Aug 2016
SERIES B
$34 Millions Closed: Dec 2016
SERIES C
$120 Million Closed: Dec 2017
SERIES D
$300 Millions Closed: Jul 2019
LISTED:
NO
COMMENT:
An undisclosed fund was raised in April 2017.

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